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Huawei again denied not to built or invest in any automobile company in the future

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Over the past few months, it was rumored multiple times that Huawei is planning to step foot in the car manufacturing industry and will soon launch its own smart cars this year. This could be a new strategy of the Chinese tech giant to make money due to U.S sanctions.

Previously, regarding this matter, Xu Zhijun, Huawei’s rotating chairman publicly denied and said Huawei doesn’t build cars but helps automobile companies to build good cars.

Know more: Huawei doesn’t need to build cars in order to make money: Smart Car Solution Chief

For more clearance, today, Huawei once again issued a statement related to the matter of manufacturing its own car.

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“Huawei does not build cars. This long-term strategy has been clear since 2018, and nothing has changed,” said Huawei

Furthermore, Huawei mentioned that it has not invested in any automobile company yet. Also, it will not invest, control or participate in shares of other smart vehicle manufacturing companies in the future.

The rumors and news as well as discussion about Hauwei builds its own car or invest in an automobile company are false and should not be trusted, says the company.

In addition, Huawei mentioned some details on the cooperation of Huawei and Jinconceles that it is only a supplier of electric components for Cyrus SF5 and HiCar cockpit components.

Furthermore, Huawei is continuously patenting new innovations related to the smart car as well as developing new technologies, which can help the automobile companies to make good through ICT technology.

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Making the car is not the only way to enter the car industry, Huawei is well acquainted with this fact. This is the reason behind that company wants to be recognized for its solid smart car technology.

(Source – ithome)

Also, check:

We just want to see the tigers fight from the mountain top, we don’t build cars: Huawei

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After collaborating with Huawei, BAIC New Energy shares exceeded 20%

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Huawei BAIC New Energy

A few days ago, Huawei and BAIC’s subsidiary- BAIC New Energy has signed a deepening collaboration agreement. Both firms jointly working to develop a new brand in the ArcFox series that integrates with Huawei’s exclusive HiLink technology.

As cited in the document, the agreement contains a cooperation management mechanism, strengthen product research and development, and joint brand marketing. With this new agreement, the two parties increasing their business.

Notably, this contact has yet to come into practice and BAIC already seems to get the most benefits. The car OEM has recorded a shocking increase in its market value just after signed this framework agreement with Huawei.

Related: Huawei and BAIC deepening collaboration to launch new HI smart car brand

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Huawei BAIC New Energy

According to the reports from the China Stock market, BAIC Technology’s shares have exceeded by 20% in just three days. To be more precise, Huawei and BAIC New Energy announced their further collaboration on 26th September 2021. Just after it, the company’s market value springs on 27th, 28th, and 29th September.

Besides, the market analyzer is regarding this situation as abnormal stock trading fluctuation. In addition, investors are requested to pay attention as it’s just the beginning of the agreement.

Coming back to the collaboration contact, this contract has a 96 months validity. However, both firms can extend the duration as well as terminate it before the timeline with mutual concerns. Moreover, we are waiting for the next astonishing product with the capability of both firms, but we have high expectations after their last ArcFox series.

Huawei BAIC New Energy share disclosure

(Via- Ithome)

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Huawei and BAIC deepening collaboration to launch new HI smart car brand

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Huawei Arc Fox Smart Car

On September 26th, a Chinese carmaker, BAIC officially announced the collaboration between Huawei and the BAIC New Energy brand. Both parties signed the strategic agreement to deepening their corporation and jointly built a co-brand with ArcFox and Huawei HI.

According to the reports, these two firms have signed a strategic agreement on January 28th in 2019. Now, the two parties have deepened their partnership and will work together in the future.

In this line, the Comprehensive Business Deepening Cooperation Agreement has been marked by Beijing New Energy and Huawei Technology on the 26th of September 2021. This agreement will cover all co-branded products from both companies.

Huawei BAIC New Energy collaboration

Huawei and BAIC New Energy Collaboration Agreement:

As written in the document, this contract includes the following points mentioned below-

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  1. Cooperation Management Mechanism: This contact includes the operational mechanism optimization of the 1873 Davidson Innovation Laboratory. It’ll cover the organizational structure, functional authority, and other aspects for carried out operations such as management, planning, and more.
  2. Strengthen Product Research and Development: Under this agreement, both companies further strengthened the product development of the whole series coved under it. The product development, project management systems, methods, development, testing, verification, etc will also come under this contract.
  3.  Implement Joint Brand Marketing: At last, both parties carried out the marketing and deployment of the models that’ll be manufactured under this agreement.

Prior to this, Huawei and BAIC jointly released the ArcFox Alpha S series. Furthermore, this series contains mainly two models with basic capability and Huawei HI-equipped capability. As of now, this series has gained more than 1,000 orders and completes the verification stage. Now, it’ll soon enter the public test. Its main highlights include

  • Fast charging technology
  • Hongmeng OS (HarmonyOS) based smart cockpit
  • Huawei Kirin 990A Chipset
  • Huawei ADS
  • Powerful Lidar system

Pricing and Availability:

  • Starting price of the regular model is 251,900 Yuan.
  • The highest price of the regular model is 344,900 Yuan.
  • The Basic HI autonomous model pre-sale price is 388,900 Yuan.
  • The high-endHI autonomous model pre-sale price is 429,900 Yuan.

(Via- Ithome)

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Some Huawei smart car chips has been licensed by U.S.

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Huawei Arc Fox Smart Car

During the Question and Answer session at Huawei Connect 2021 conference, Eric Xu, Huawei’s Rotating Chairman informed that Huawei is facing tough challenges from the sanctions imposed by the U.S. government.

However, Huawei will not give up on hope and continue to invest and make new products including the continued development of smartphones and consumer business, which has been hit so hard by the entire U.S. actions.

However, there’s one interesting thing that the chairman said regarding the ongoing development in the smart car solution that the company has achieved so far. Xu mentioned that some low-end Huawei smart car chips have been licensed in the United States, which mainly serves the purpose of the automotive business.

Eric Xu Huawei

This is a piece of exciting news from a business perspective of Huawei smart car chips and further support Huawei’s initiative to move forward in the field of smart car solutions as well as the smart car industry.

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Meanwhile, Huawei has continued to deny that it won’t make new cars or planning to invest in any car manufacturer’s domain.

Background:

Back in 2019, Huawei has been blocked under the U.S. Entity List, which prohibits the company from purchasing new components made with U.S. technology from inside or outside of the U.S.

(Via – Tech Sina)

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